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Use the following to answer questions 15 Select the correct reporting method for each of the items listed below: 1. Accounts payable Reporting Method A.
Use the following to answer questions 15 Select the correct reporting method for each of the items listed below: 1. Accounts payable Reporting Method A. Current Liability B. Long term liability C. Disclosure note only 2. Bond payable. D. Not reported 3. Restaurant gift cards (expires within a year of issuance). 4. Note payable due in thirteen months. 5. A contingent liability with a reasonably possible likelihood of occurring within the next year and cannot be estimated
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